Energy incentives for BIPV

Harness the power of various government incentives and rebates for a greener future.

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USA

Federal investment tax credit

In the United States, the Solar Investment Tax Credit (ITC) remains a pivotal incentive for homeowners and businesses opting for solar energy. This credit covers a significant portion of the costs associated with installing solar systems.

As of 2023, the Clean Energy Credit offers a minimum of 30% tax credit for qualified clean energy installations, including solar photovoltaics (PV), which can go up to 70%. This initiative is part of a broader effort to promote sustainable energy solutions across the country. Consult with your accountant on whether you project qualifies.

Key Insights

Minimum
30% tax credit

30% Tax Credit: For costs of new, qualified clean energy property installed from 2022 onwards until 2032.

Diverse Applications

Diverse Applications: Applicable to solar, wind, geothermal, and biomass energy systems.

Long-Term Benefits

Long-Term Benefits: The credit remains at 30% through 2032, encouraging long-term investment in clean energy.

Solar Investment Tax Credit	For Systems Operating in
26%	2021
30%	2022
30%	2023-2032
26%	2033
22%	2034
0%	2035

USA

State tax credits

In the United States, depending on your state, various tax incentives and rebates are available. For more information, please feel free to use the links below for more information for various states.

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Canada

Clean technology investment tax credit

Canada's approach to green energy incentives focuses on the Clean Technology Investment Tax Credit. This refundable tax credit, introduced in the 2023 federal budget, encourages investments in sustainable energy technologies, including solar PV, wind, and energy storage systems. It's a significant step towards a sustainable, made-in-Canada clean economy.

Key Insights

30% Refundable Tax Credit

On the capital cost of investments in eligible clean technology.

Wide Range of Technologies

Covers wind, solar PV, and energy storage technologies.

Long-Term Vision

Available for project spending from March 2023, through to 2034.

Solar Investment Tax Credit	For Systems Operating in
Acquired after 27 March 2023 and before 2034	30%	20%
Acquired after 2033 and before 2035	15%	5%
Acquired after 2034	—	—

More Information

Navigating incentives for optimal benefits

Understanding and utilizing these incentives can significantly reduce the initial costs of transitioning to green energy. Both the USA and Canada offer robust support for individuals and businesses looking to invest in sustainable energy solutions.